A Quote by Michael Burry

Common hedging techniques include shorting stocks, buying put options, writing call options, and various types of leverage and paired transactions. While I do reserve the right to use these tools if and when appropriate, my firm opinion is that the best hedge is buying an appropriately safe and cheap stock.

Michael Burry

Quote Topics

Appropriate Best Buying Call Cheap Common Firm Hedge Hedging Include Leverage Opinion Options Put Reserve Right Safe Stock Stocks Techniques Tools Transactions Types Use Various While Writing

Quote Author

Michael Burry
American - Businessman
Born: June 19, 1971

I was working in financing. I was buying and selling stocks for a market-maker on the options floor at the Pacific Stock Exchange. He took me under his wing and was training me to take over his accounts. That's the career I had embarked on, at the time.

Tim Kang

People will make worse financial decisions for them if they're choosing from a lot of options than if they're choosing from a few options. If they have more options they're more likely to avoid stocks and put all their money in money market accounts, which doesn't even grow at the rate of inflation.

Sheena Iyengar

One valuable lesson I learned is that buying cheap is very important. Buying without debt is also very important. Leverage is your enemy.

David Lichtenstein

Don't short many stocks. Instead they hedge for tail risk with CDS and options. They are happy to incur illiquidity

Seth Klarman

When you give chief executives too much compensation in stock options, they concentrate too much on the stock price, and there is a perverse incentive to raise the stock price, particularly when the chief executive wants to exercise his own options.

George Akerlof

I don't try and guess when to get in and out of the market. I have owned stocks consistently since 1942. I owned the - I was buying stocks the day before the election. I was buying the same stocks the day after election. And if Hillary had been elected, it would have been the same thing.

Warren Buffett

Each person must decide for himself what he wants each day. As a leader, I will expose you to the options and the likely consequences of those options. I'll even share my opinion if asked, but I'll never confuse it with the opinion, which simply doesn't exist.

Wayne Dyer

In my business investing, you are buying a stock, and someone else is selling the stock. Right there, that's like a debate. Is the stock going up, or is it going to go down?

David Einhorn

As for the employees, the payment in stock options revives, somewhat ironically, the old anarchist ideology of self-management of the company, as they are co-owners, co-producers, and co-managers of the firm.

Manuel Castells

The common man is the sovereign consumer whose buying or abstention from buying ultimately determines what should be produced and in what quantity and quality.

Ludwig von Mises

There's nothing wrong with options. Options are everywhere. In movies, in sports. Options is not a dirty word. I need to pay my overheads, you know. I invest a lot of money developing a fighter and then I deserve to reap the rewards.

Don King

What he's really talking about - and I'm speaking for Mike Flynn, not Donald Trump - is that he's saying, essentially, we have to have options. We have to have a lot of options. And, frankly, we do. We do have a lot of options.

Michael T. Flynn

Whether it's buying products or researching what you're buying, or just becoming aware of what you're buying, you're saying so much with the money that you're spending.

Jayma Mays

When Berkshire buys common stock, we approach the transaction as if we were buying into a private business.

Warren Buffett

We should probably stop trading derivatives, anything more complex than regular options ... I am an options trader, and I don't understand options. How do you want a regulator to understand them?